All applications for such licenses shall be in writing and filed with the Mayor fifteen days previous to the commencement of such sale. The application shall state that the applicant has been in continuous business in the City as a retail or wholesale merchant for a period of one year preceding such application, that such applicant shall have owned the goods to be sold for a period of one month prior thereto, that such applicant has tendered with the application a bond in a sum not to exceed two thousand five hundred dollars ($2,500) and conditioned for the observance of this chapter and for the indemnification of any purchaser at such auction sale suffering loss, upon proof by reason of misrepresentation, and that such applicant consents to the forfeiture of the license and bond in the event of conviction of a violation of this chapter.
(1939 R.O., 4:02)
(1939 R.O., 4:02)